Sprott Strategic Fixed Income Fund Corrects Record Date for Next Monthly Distribution

TORONTO, Aug. 20, 2013 /CNW/ - Sprott Strategic Fixed Income Fund ("Fund"), (TSX: SFI.UN) announced today a correction to its August 19, 2013 press release, in which the Fund had announced that the record date for its next monthly distribution (the "Distribution") would be August 19, 2013. The record date for the Distribution is actually August 29, 2013. The correct information is as follows:

	Record Date	Payable Date	Distribution Per Unit
August 2013	August 29, 2013	September 10, 2013	0.0500

Cumulative distribution since inception: 1.2725

About Strategic Fixed Income Fund
The Fund has been created to provide exposure, on a tax advantaged basis, to an actively managed portfolio (the "Portfolio") comprised primarily of long and short positions in fixed income securities from across the globe. In addition, the Portfolio's currency exposure is actively managed to both mitigate risk and enhance Portfolio returns.

The Fund's investment objectives are to maximize absolute total returns with low volatility relative to traditional, long-only bond funds and to provide unitholders with monthly tax-advantaged distributions.

About Sprott Asset Management LP
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Our clients include individual and high-net-worth investors, institutions and endowments. Please visit us at www.sprott.com to learn more about our award-winning investment professionals and their market insights. 

SOURCE: Sprott Strategic Fixed Income Fund

For more information on Sprott or inquiries regarding the Fund, please contact us at [phone] or [phone] or [email protected].